Premier Kathleen Wynne toured Toyota’s Cambridge assembly plant this afternoon, pointing to the Liberals’ steady and balanced economic plan that is creating good, high-paying jobs in Ontario’s key industries.
In Ontario’s auto sector, Liberals have worked with industry to create jobs and attract investments, ensuring the province continues to be a North American leader in vehicle production and innovation. Ontario continues to beat out other, lower wage jurisdictions for new investments from Toyota because of its skilled workforce, competitive tax structure, reliable infrastructure and the constructive partnership between Toyota and the province.
In 2013, Toyota announced that it would invest $100 million to increase production of Lexus hybrid vehicles at its Cambridge plant. The Liberal government supported this investment by providing a $16.9 million grant. The announcement is another step in a long and productive partnership between Toyota and Ontario that has seen Asia’s largest automaker invest over $1.2 billion in Ontario and grow its workforce to about 8,000.
The Liberals ten-year, $2.5 billion Jobs and Prosperity Fund will build similar partnerships with industries across Ontario to secure investments that create jobs, increase productivity and help businesses compete globally.
The Fund was contained in the Liberal 2014 Budget, which Andrea Horwath and the NDP chose not to support, putting these job-creating partnerships at risk. The Budget, including the Jobs and Prosperity Fund will be re-introduced if the Liberals are re-elected on June 12.
Tim Hudak and the PCs oppose working with Ontario’s key industries to produce lasting economic benefits. Instead, the Hudak PC approach to the economy is to recklessly fire 100,000 teachers, firefighters, water inspectors and other important public sector workers across the province.
“Since 2008, Toyota’s commitment to Ontario has grown enormously. They have chosen not just to expand in Ontario, but to invest in the future here. Cleaner, electric vehicles are rolling off the production line in Ontario before anywhere else in North America. We’ve been there every step of the way because these initiatives are in the best interests of workers today, and our economy tomorrow.”
— Premier Kathleen Wynne
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